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Pounddollar

GBP/USD - AN UPDATE FROM MY SIGNAL YESTERDAYexited my trade when this candle appeared on H1. My indicator for a bullish exhaustion or also known as 'shooting star' RSI has also formed a bearish divergence on H1 indicating a lost of momentum to the upside. Looking at the structure, price has also formed a double top - bearish price structure Overall, this was a pretty solid trade that we took from yesterday's signal. If you have followed this you would have gotten 2.06RR (70pips) FOR REFERENCE: CLICK ON THE LINK TO RELATED IDEAS DOWN BELOW IF YOU WANT TO SEE THE TRADE SETUP FROM YESTERDAY HELLO, TRADERS! IF YOU LIKE THIS ANALYSIS, PLEASE LEAVE A LIKE AND FOLLOW MY CHANNEL AND LET ME KNOW YOUR THOUGHTS BY COMMENTING DOWN BELOW.
Long
by JuanCrlsTrades
GBPUSD Can Rise As M Pattern Has CompletedTraders, GBPUSD can rise as an FCP M pattern has been completed. However this may not be able to push the price too high as the DXY is still rising and strong. So if you are looking for a smaller bounce then look for a confirmation on this GBPUSD pair and take the entry. On the chart there are 2 arrows which point at the approximate profit targets. Take one step at a time and manage the risk. Rules: 1. Never trade too much 2. Never trade without a confirmation 3. Never rely on signals, do your own analysis and research too ✅ If you found this idea useful, hit the like button, subscribe and share it in other trading forums. ✅ Follow me for future ideas, trade set ups and the updates of this analysis ✅ Don't hesitate to share your ideas, comments, opinions and questions. Take care and trade well -Vik ____________________________________________________ 📌 DISCLAIMER The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only. Not a financial advice or signal. Please make your own independent investment decisions. ____________________________________________________
Long
by vikinsa
1
GBPUSD technical analysis: 50-dma breakoutGBP/USD update The cable (GBP/USD) rose to 1.226, smashing the 50-day moving average for the first time since early February 2022, as speculators increased their expectations for a 50 basis point BoE rate hike this week, which would be the largest interest rate increase in 27 years, pushing borrowing costs to 1.75%, the highest level since 2009. With UK inflation running at 9.4% year on year in June, more aggressive action is needed to put out the fire and since economic activity and the labour market continue to demonstrate surprising resilience, the market anticipates that the BoE's board has more room for marked and front-loaded rate increases. Next resistance is now seen at 1.233 (June 27 highs) and 1.248 (early June support). The 14-day RSI spiked above 60, its highest since mid-January, and MACD is above zero for the first time since February.
by Capitalcom
GBP will either triple bottom or fall out of the sky - WeeklyChtLooking at long term trends for GBP-USD we are coming to a level that is almost underheard of in forex GBP being low to the dollar. Right now looking at the weekly unless something happens we see a continuation to 1.165xx range from there it could be anyone's game. We expect a lot of volatility around this number and range In fact if you draw a box from the top to the bottom there is a lot of wiggle room for trades but they will be volatile. Trade carefully but watch this 1.65xxx level as a large support.
Short
by swimmax
GBP/USD SUPER BULL!GBP/USD (Great British pound VS Us Dollar) In a weekly chart, We can clearly see the ending diagonal (falling wedge) on the chart and now it's time for a reversal. When the ending diagonal form after then We will see a sharp reversal to the opposite side. Most probably we will break the $1.4 area in some weeks or months. DISCLOSURE - Please be informed that the information I provide is not a trading recommendation or investment advice. All of my work is for educational purposes only. All labeling and wave count have been done by me manually and I will keep changing according to the LIVE MARKET PRICE ACTION. So don't bias, hope on my trade plans. Try to learn Elliott Wave or other strategies and make your own strategy. Following is not that much easy. I am not responsible for any losses if u took the trade according to my trade plans. #GBP/USD #gbp/usd #GBPUSD #poundvsdollar #elliottwave
Long
by anantadhungana
1